SB 1166: Property Tax Classification; Historic Residences (Sen. Linda Gray, R - Glendale) -- This bill would repeal the reduced property tax classification for historic residential property. Under current law, qualifying historic residences are assessed at 5% rather than the 10% assessment ratio that applies to other homes -- the effect of this bill would be to increase property taxes on those historic homes.
There are approximately 6,000 homes in Arizona that qualify for this tax treatment; approximately 2,900 of them are in Phoenix. The City's Historic Preservation Office is recommending that the Mayor and Council oppose this bill.
Senate Finance Committee Member
Ken Cheuvront LD15
602-926-5325
kcheuvront@azleg.gov
Source: P.L.A.N
There are approximately 6,000 homes in Arizona that qualify for this tax treatment; approximately 2,900 of them are in Phoenix. The City's Historic Preservation Office is recommending that the Mayor and Council oppose this bill.
Senate Finance Committee Member
Ken Cheuvront LD15
602-926-5325
kcheuvront@azleg.gov
Source: P.L.A.N
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